New Corporate Client – Central Asia Metals

Peel Hunt has been appointed as NOMAD and joint corporate broker to Central Asia Metals plc, as announced on 10 March, 2014. CAML is AIM listed and has a market cap of c£150m (Ticker symbol: CAML).

CAML is a copper producing company focused on base metals in Central Asia. CAML is in the process of completing transaction to acquire 100% of the Kounrad operation (60% currently) in Kazakstan. CAML already enjoys 100% of the Kounrad cash flows for 2014 as it owns 100% of the plant.  At 31 December, CAML had $47.9m of cash. CAML announced a strategic investment in Copper Bay Ltd in Chile in November 2013. CAML acquired a 51% interest for a cash consideration of £2.0m.